公元股份(002641) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,189,238,407.43, representing a 28.26% increase compared to ¥927,181,121.39 in the same period last year[8] - Net profit attributable to shareholders was ¥58,152,284.74, a significant increase of 672.38% from ¥7,528,991.34 in the previous year[8] - Basic and diluted earnings per share were both ¥0.05, reflecting a 400.00% increase from ¥0.01 in the same period last year[8] - Operating profit increased by 267.45% year-on-year, driven by an expansion in business scale and increased gross profit[29] - Total profit increased by 447.31% year-on-year, attributed to the expansion of business scale and increased gross profit[29] - Net profit increased by 672.38% year-on-year, mainly due to the expansion of business scale and increased gross profit[30] - The company reported a total comprehensive income of ¥60,438,784.74 for Q1 2019, significantly higher than ¥7,528,991.34 in the previous year[67] - The net profit for the first quarter of 2019 was CNY 55,089,632.46, an increase of 90.0% compared to CNY 28,943,697.45 in the same period last year[70] - Operating profit reached CNY 65,426,071.15, up from CNY 40,898,492.31, reflecting a growth of 60.0% year-over-year[70] - Total revenue from sales of goods and services amounted to CNY 1,525,724,976.21, compared to CNY 1,331,309,511.01 in the previous year, indicating an increase of 14.6%[73] Cash Flow - The net cash flow from operating activities reached ¥118,771,614.06, up 286.29% from ¥30,746,959.87 year-on-year[8] - Cash flow from operating activities increased by 286.29% year-on-year, as cash received from sales exceeded the same period last year[31] - Cash flow from investing activities increased by 62.96% year-on-year, as cash payments for fixed asset purchases and external investments were lower than the same period last year[31] - Cash flow from financing activities decreased by 1339.73% year-on-year, primarily due to a significant reduction in bank borrowings[34] - The net cash flow from operating activities for the first quarter of 2019 was CNY 142,473,042.89, a decrease of 9.8% compared to CNY 157,428,441.42 in the same period last year[81] - The net cash flow from financing activities was negative CNY 221,329,497.78, compared to negative CNY 31,984,432.60 in the first quarter of 2018, indicating increased cash outflows[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,583,063,361.34, a 2.97% increase from ¥5,422,130,972.38 at the end of the previous year[8] - Total current assets increased to ¥3,400,865,947.53 as of March 31, 2019, up from ¥3,219,228,801.26 at the end of 2018, representing a growth of approximately 5.63%[51] - Total liabilities increased to ¥2,614,068,177.69 from ¥2,513,574,573.47, which is an increase of approximately 4.01%[53] - Total liabilities decreased slightly to ¥1,719,722,022.81 from ¥1,742,947,958.35 year-over-year, a reduction of about 1.3%[62] - The total equity increased to ¥3,080,467,482.26 from ¥3,023,091,349.80, reflecting a growth of approximately 1.9%[62] - The company's equity attributable to shareholders increased to ¥2,968,995,183.65 from ¥2,908,556,398.91, representing a growth of about 2.08%[55] Expenses - The company's total operating costs were ¥1,131,199,718.04, compared to ¥911,548,939.25 in the previous year, which is an increase of approximately 24.1%[63] - Research and development expenses for Q1 2019 were ¥43,667,228.11, up from ¥34,388,794.51, marking an increase of about 27.5%[63] - Financial expenses decreased by 46.63% year-on-year, mainly due to a reduction in bank borrowings[27] - Interest expenses decreased by 34.18% year-on-year, primarily due to a decrease in bank borrowings[28] Other Financial Metrics - The company's weighted average return on equity was 1.98%, up from 0.28% in the previous year[8] - Other comprehensive income increased by 80.59%, mainly due to the increase in unrealized gains from PVC futures[26] - Other income increased by 213.67% year-on-year, primarily due to government subsidies related to social security[29] - The company's non-current asset disposal loss was recorded at -¥115,370.94, while government subsidies recognized in the current period amounted to ¥13,127,815.70[9] Inventory and Receivables - The increase in prepaid accounts receivable was 167.07%, primarily due to increased resin raw material reserves[21] - Accounts receivable increased to ¥1,157,121,890.79 from ¥1,113,411,224.30, reflecting an increase of approximately 3.93%[49] - Inventory rose to ¥1,056,224,587.44 from ¥1,015,018,650.70, marking an increase of about 4.07%[49] Financial Position and Risks - The company has not undergone an audit for the first quarter report, indicating potential risks in financial reporting[92] - The company is implementing new financial and leasing standards, which may affect future financial statements[92] - The total equity ratio is approximately 63.4%, indicating a strong capital structure[92] - The company has a deferred income tax asset of 31,048,855.14, which may provide future tax benefits[90]